Cassa Depositi e Prestiti to raise up to half its funding via CP

By Kathleen Gallagher
01 May 2014

Cassa Depositi e Prestiti (CDP) is planning to raise up to half of its 2014 funding requirement through commercial paper, GlobalCapital understands, having set up its debut programme earlier this month.

The borrower launched the €3bn multi-currency programme on April 23 to diversify its funding and wants to sell to institutional investors. 

CDP aims to raise between €500m-€1bn of its €2bn-€2.5bn funding requirement through commercial paper in 2014. It has raised €1bn through syndications and private placements so far ...

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